Business A-Level
limits of forecasting
What limits of forecasting means in Business A-Level, as defined for AQA.
Definition of limits of forecasting
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Reference: AQA
Forecasts are opinions carried to two decimal places, and five forces is blind to speed and to complementors.
Topics that use limits of forecasting
- Problems with strategy and why strategies fail (AQA A-Level)
Related terms
- balanced scorecard
- flexibility versus control
- implementation gap
- mission and objectives
- organisational culture
- resistance to change
- return on capital employed
- risk assessment
Using limits of forecasting in the exam
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